Owens-Illinois (NYSE: OI ) is expected to report Q2 earnings around July 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Owens-Illinois's revenues will grow 2.3% and EPS will shrink -2.5%.
The average estimate for revenue is $1.81 billion. On the bottom line, the average EPS estimate is $0.79.
Last quarter, Owens-Illinois recorded revenue of $1.64 billion. GAAP reported sales were 5.6% lower than the prior-year quarter's $1.74 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.60. GAAP EPS of $0.42 for Q1 were 42% lower than the prior-year quarter's $0.72 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 19.4%, 230 basis points worse than the prior-year quarter. Operating margin was 10.7%, 210 basis points worse than the prior-year quarter. Net margin was 4.2%, 280 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.07 billion. The average EPS estimate is $2.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 346 members out of 373 rating the stock outperform, and 27 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Owens-Illinois a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Owens-Illinois is outperform, with an average price target of $29.70.
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